Asset Management Associate – Multifamily / Affordable / Student Housing
Culver Investment Partners, Dallas, Texas, United States, 75215
Job Summary
Culver Investment Partners
(“CIP”) is a private multifamily real estate acquisition, investment, and operating firm with a fast-growing platform. We are seeking an
Associate
on the Asset Management team (2-5 years of experience) with specific experience in multifamily, student housing or affordable housing to join our team in Dallas, TX.
CIP has grown substantially in recent years, with over $500M in AUM and 2,900 units under management. This position offers the chance to participate in promote/carried interest in all opportunities, providing a clear pathway for growth in multifamily, student housing and affordable housing investments.
Duties and Responsibilities The position will provide the Associate the opportunity to oversee assets and support the team to achieve top-performance, with direct involvement in construction management, accounting, and investor reporting.
The position will work closely with senior leadership to monitor and manage asset strategy, review monthly financials, review and approve annual budgets, track capital expenditures, oversee accounting functions, assist on new acquisitions, perform ad-hoc projects and track key performance indicators. The Associate, Asset Management will work closely with acquisitions, property management, and construction management during the life cycle of each real estate investment. Other job functions include accounting assistance, investor reporting, quarterly valuations, due diligence, assisting with closings, and setting annual goals.
Asset Management & Construction Management
Review and analyze monthly financial reports including actual vs budget analysis, income statements, balance sheets, cash flow statements, and delinquency reports
Regularly review interior and exterior improvement plans and compare to budget
Interface with construction management to ensure all CapEx projects are being executed according to business plan
Execute business plans and provide new strategies to optimize operations
Communicate with property level staff to understand current property operations and current budget variances
Perform and document on-site property inspections and make recommendations to senior management and property staff
Monitor asset strategies with senior management and provide project management assistance
Develop and distribute asset management reports
Create process documentation and build systems for recurring projects
Provide new strategies including technology implementation into property operation
Accounting & Investor Relations
Forecast cash requirements and communicate future cash outflows with fund accounting
Monitor and administer loan covenants including reserve/loan draws, monthly escrows, and provide lenders financial information as required
Forecast property distributions and communicate variances to fund accounting
Perform monthly and quarterly investor reporting
Other ad-hoc accounting and investor reporting assistance
Acquisitions
Interface with Acquisitions team to assist with property level underwriting for multifamily opportunities across Texas, Georgia, Carolina, Florida, Arizona and other select markets
Assist in due diligence for new acquisition opportunities
Tour new acquisition opportunities with senior management
Put together investment reports for new investment markets and opportunities
Qualifications
Bachelor’s degree (business, accounting or finance preferred)
2 - 5+ years of prior experience in multifamily / student housing / affordable housing asset management, portfolio management or real estate accounting roles involving multifamily or commercial real estate
Proficient in Microsoft Office specifically Excel, PowerPoint and Word; proficient in AI tools
Strong interpersonal, written and verbal communication skills; strong analytical skills with ability to learn quickly; ability to work on a team and independently and manage multiple priorities
Accounting background preferred
Based in Dallas, TX
Willing to travel as needed
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(“CIP”) is a private multifamily real estate acquisition, investment, and operating firm with a fast-growing platform. We are seeking an
Associate
on the Asset Management team (2-5 years of experience) with specific experience in multifamily, student housing or affordable housing to join our team in Dallas, TX.
CIP has grown substantially in recent years, with over $500M in AUM and 2,900 units under management. This position offers the chance to participate in promote/carried interest in all opportunities, providing a clear pathway for growth in multifamily, student housing and affordable housing investments.
Duties and Responsibilities The position will provide the Associate the opportunity to oversee assets and support the team to achieve top-performance, with direct involvement in construction management, accounting, and investor reporting.
The position will work closely with senior leadership to monitor and manage asset strategy, review monthly financials, review and approve annual budgets, track capital expenditures, oversee accounting functions, assist on new acquisitions, perform ad-hoc projects and track key performance indicators. The Associate, Asset Management will work closely with acquisitions, property management, and construction management during the life cycle of each real estate investment. Other job functions include accounting assistance, investor reporting, quarterly valuations, due diligence, assisting with closings, and setting annual goals.
Asset Management & Construction Management
Review and analyze monthly financial reports including actual vs budget analysis, income statements, balance sheets, cash flow statements, and delinquency reports
Regularly review interior and exterior improvement plans and compare to budget
Interface with construction management to ensure all CapEx projects are being executed according to business plan
Execute business plans and provide new strategies to optimize operations
Communicate with property level staff to understand current property operations and current budget variances
Perform and document on-site property inspections and make recommendations to senior management and property staff
Monitor asset strategies with senior management and provide project management assistance
Develop and distribute asset management reports
Create process documentation and build systems for recurring projects
Provide new strategies including technology implementation into property operation
Accounting & Investor Relations
Forecast cash requirements and communicate future cash outflows with fund accounting
Monitor and administer loan covenants including reserve/loan draws, monthly escrows, and provide lenders financial information as required
Forecast property distributions and communicate variances to fund accounting
Perform monthly and quarterly investor reporting
Other ad-hoc accounting and investor reporting assistance
Acquisitions
Interface with Acquisitions team to assist with property level underwriting for multifamily opportunities across Texas, Georgia, Carolina, Florida, Arizona and other select markets
Assist in due diligence for new acquisition opportunities
Tour new acquisition opportunities with senior management
Put together investment reports for new investment markets and opportunities
Qualifications
Bachelor’s degree (business, accounting or finance preferred)
2 - 5+ years of prior experience in multifamily / student housing / affordable housing asset management, portfolio management or real estate accounting roles involving multifamily or commercial real estate
Proficient in Microsoft Office specifically Excel, PowerPoint and Word; proficient in AI tools
Strong interpersonal, written and verbal communication skills; strong analytical skills with ability to learn quickly; ability to work on a team and independently and manage multiple priorities
Accounting background preferred
Based in Dallas, TX
Willing to travel as needed
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